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To All Concerned Rates of TDS for the F.Y. 2008-09 FA Max. If the recipient is an If the recipient is an individual, If the recipent is an Company Nature of Payment Section code Limit Individual,HUF payment payment exceed Rs.1,00,00,000/- Co-operative soceity, firm or does not exceed Rs.1,00,00,000/- local authority TDS (%) TDS (%) TDS (%) Interest other than Interest on Securities (Other than Interest by Bank) 194-A 12512 10000 10.300% 11.330% 22.660% Payment of Interest by bank (From 01/06/07 onwards) Payment to a Contractor 194-C 12511 20000 1.030% 1.133% 1.133% (In case of advertising agency) Payment to a Contractor 194-C 12511 20000 2.060% 2.266% 2.266% Courier, Security Guard, Office Construction AMC charges, Repair & maintenance exp. Photostate & Typing Printing & Stationary (except Purchase), Office Maintenance etc. Payment to a Sub-Contractor 194-C 12511 20000 1.030% 1.133% 1.133% Trucks Attached, Air Freight, Loading-Unloading Pick-up & Delivery Charges, Forklift Hire Charges Lorry Hire Charges, Local Booking/Delivery Exp., Packaging & Forwarding Charges, Octoroi paid to Agent, Wagon Freight paid to Agent. Payment of Commission/Brokarege 194-H 12514 2500 10.300% 11.330% 11.330% Any commission or Brokarege paid to our Agent / Brokers. Payment of Rent 194-I 12515 120000 15.450% 16.995% 22.660% Any payment by way of rent for the use of Land or Building/Electricity/Other Charges paid to the Owner,Hiring charges(genrators,machinery etc.) Payment of Rent 194-I 12515 120000 10.300% 11.330% 11.330% Any payment by way of rent for the use of Plant & Machinery Fees for professional / Technical services 194-J 12513 20000 10.300% 11.330% 11.330% Professional:-CA/CS/ Lawyers/Advocates etc. Technical :- Consultants etc. If you have any confusion regarding any matter of Taxation i.e.TDS , service Tax (Cenvet) pls call on Ph.(Direct)- 9313399283 E-mail ID's firstname.lastname@example.org NOTE: 1. Surcharge for deducting tax at source shall be leviable in case where payment is made to an individual or HUF, AOP or body of individual when aggregate amount paid or likely to be paid and subject to tax deduction exceeds Rs.10 lakhs, in case payment is made to a firm or a domestic company when aggregate amount paid or likely to be paid exceeds Rs.1 crore. In the case of payment to other than a domestic company the surcharge shall be levied @ 2.5%. Applicability of surcharge, in case payment exceeds the above prescribed limit is effective 2.TDS Certificate to be issued in revised form No. 16, 16A & 27 notified by the CBDT 3. Education Cess @ 3% is applicable with effect from 4. Change in rate of deduction of tax at source on payment of commission, brokerage, professional/technical services, rent shall be effective from 01.06.2007. 5. Applicability of increased limit of Rs.10,000/- for non deduction of tax in respect of payment of interest by bank shall be effective from 01.06.2007. 6. Applicability of leviability to deduct tax at source on payment by individual/HUF having turnover exceeding the limit prescribed in Section 44AB in respect of payment to contractors shall be effective from 1st June, 2007.
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